Integrated resort operator MGM yesterday announced a salary increase for eligible staff, with the rise set to benefit 99 percent of employees and will be effective from March 23.
“A 2.0 percent increment will be awarded for all eligible team members in which 99 percent team members will be rewarded”, MGM’s statement said, noting that for staff with a monthly salary of or less than 16,000 patacas, a standard salary adjustment of 500 patacas will be granted, representing a 2.0 percent to 4.5 percent increment.
The statement quoted MGM China Holdings Limited Chairperson and Executive Director Pansy Ho Chiu-king as saying: “MGM extends its heartfelt appreciation to our dedicated team for walking alongside the company over the years and embracing innovative thinking to continuously elevate our products and services. The Company takes great pride in sharing the fruits of our collective efforts with all team members”.
Ho also highlighted that with the 15th Five-Year Plan set to launch, the company remains “steadfast in supporting the policies of our nation and the SAR Government”.
The company is the last of Macau’s six gaming operators to announce a salary increase, with statements from Sands China, Galaxy Entertainment Group (GEG), Wynn Macau, Limited SJM Resorts, and Melco Resorts & Entertainment released earlier this week. In addition to salary increments, all operators had also previously announced discretionary bonuses equivalent to a month’s pay.
Photo courtesy by the Association of International Certified Professional Accountants website.
